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Pension Plan (Tables)
12 Months Ended
Dec. 31, 2015
Pension Plan (Tables) [Line Items]  
Schedule of Allocation of Plan Assets [Table Text Block]
 

2015

 

2014

Equity and index funds

68.5

%

 

69.9

%

Fixed income funds

31.5

 

 

30.1

 

Total pension plan assets

100.0

%

 

100.0

%

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

 

 

 

 

 

 

In thousands

2015

 

2014

Level 1:

         

Equity and index funds

$

5,615

 

$

5,551

Fixed income funds

 

2,578

 

 

2,395

Total Level 1

 

8,193

 

 

7,946

Level 2

 

-

   

-

Level 3

 

-

 

 

-

Total pension plan assets

$

8,193

 

$

7,946

Schedule of Net Funded Status [Table Text Block]

 

 

 

 

 

 

 

 

In thousands

2015

 

2014

Change in benefit obligation:

             

Projected benefit obligation at beginning of year

$

14,679

 

 

$

11,883

 

Interest cost

 

573

     

562

 

Actuarial (gain) loss

 

(1,192)

 

 

 

2,764

 

Benefits paid

 

(543)

 

 

 

(530)

 

Projected benefit obligation at end of year

 

13,517

 

 

 

14,679

 

               

Change in plan assets:

 

 

 

 

 

 

 

Fair value of plan assets at beginning of year

 

7,946

     

7,077

 

Actual return on plan assets

 

(451)

 

 

 

441

 

Company contributions

 

1,241

     

958

 

Benefits paid

 

(543)

 

 

 

(530)

 

Fair value of plan assets at end of year

 

8,193

     

7,946

 

 

 

 

 

 

 

 

 

Funded status (underfunded)

$

(5,324)

 

 

$

(6,733)

 

 

 

 

 

 

 

 

 

Amounts recognized in other accumulated comprehensive loss:

             

Net actuarial loss

$

6,797

 

 

$

7,449

 

Weighted average assumptions as of December 31:

             

Discount rate:

 

 

 

 

 

 

 

Components of cost

 

4.00

%

   

4.00

%

Benefit obligations

 

4.30

%

 

 

4.80

%

Expected return on plan assets

 

8.00

%

   

8.00

%

Rate of compensation increase

 

N/A

 

 

 

N/A

 

Schedule of Expected Benefit Payments [Table Text Block]

 

 

 

 

 

2016

2017

2018

2019

2020

$630

$655

$713

$886

$724

 

 

 

 

.

Schedule of Net Benefit Costs [Table Text Block]

 

 

 

 

 

 

In thousands

2015

 

2014

Interest cost

$

573

 

$

562

Expected return on plan assets

 

(667)

   

(598)

Amortization of net actuarial loss

 

579

 

 

358

Net periodic pension cost

$

485

 

$

322

Pension Costs [Member]  
Pension Plan (Tables) [Line Items]  
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

 

 

 

 

 

 

In thousands

2015

 

2014

Balance at beginning of year

$

7,449

 

$

4,886

Net actuarial (gain) loss

 

(73)

   

2,921

Recognized loss

 

(579)

 

 

(358)

Balance at end of year

$

6,797

 

$

7,449